GFOA Exam CPFO Topic 6 Question 59 Discussion

Actual exam question for GFOA's CPFO exam

Question #: 59
Topic #: 6

[All CPFO Questions]

The principal advantage of a CIP (Capital improvement Program) is that______________, including their project designs, land acquisition, permitting, and acquiring financing.

AIt provides for sufficient lead time to plan for projects.

Bensures the orderly replacement of capital facilities

CMinimal costs of putting the asset in operating conditions

DNone of these

Show Suggested Answer

Suggested Answer: D

by Felicidad at Oct 13, 2022, 04:11 AM

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Precious

1 months ago

Planning and preparation are key for any major project, so A is the way to go. Although, the 'minimal costs' option did make me chuckle.

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Dusti

1 months ago

None of these? Really? The question is asking about the principal advantage of a CIP, so I'd have to go with A.

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Desmond

6 days ago

User 2: I agree, having that lead time is crucial for successful project implementation.

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Francoise

19 days ago

User1: A) It provides for sufficient lead time to plan for projects.

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Lili

20 days ago

User 1: I think the principal advantage of a CIP is that it provides for sufficient lead time to plan for projects.

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Princess

2 months ago

Orderly replacement of facilities? That's what a CIP is all about, so B is the winner in my book.

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Royce

25 days ago

B) ensures the orderly replacement of capital facilities

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Nickolas

1 months ago

Definitely, it helps avoid unexpected costs and disruptions.

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Arthur

1 months ago

I agree, having a plan in place for replacing facilities is crucial.

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Terrilyn

2 months ago

I think having sufficient lead time to plan for projects is crucial for the success of any capital improvement program.

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Trina

2 months ago

B) ensures the orderly replacement of capital facilities

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Tracey

2 months ago

Haha, 'minimal costs'? That's a good one! I think option C is way off the mark.

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Vivienne

2 months ago

User 2: Definitely, option A seems like the best choice.

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Niesha

2 months ago

User 1: I agree, option C seems unrealistic.

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Terrilyn

2 months ago

A) It provides for sufficient lead time to plan for projects.

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Jesusa

2 months ago

A CIP gives us plenty of time to plan out projects thoroughly, so option A is clearly the best choice here.

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